Mortgages/Home Loans

If you're in the market to purchase/build a home EMUCU has Mortgage Loans to help you reach your goals. Or, use the equity in your home to finance a variety of needs, with a Home Loan. Make home improvements, pay for college tuition, purchase a new car, consolidate debt or take that dream vacation. EMUCU offers competitive rates and various loan options to meet your needs.

Home Equity Loans

Zero Closing Costs - Home Equity Line of Credit

Leverage the value of your home this season by taking advantage of our zero closing costs on a home equity line of credit. Starting today through August 31, 2018, you can use the equity of your home to finance renovation projects, cover educational expenses, plan a dream vacation, debt consolidation and more. Apply for a Home Equity Line of Credit to get started.

We pay all closing costs. Maximum APR is 25%. Subject to credit approval.

The home equity line of credit is an open line of credit with a 10-year draw period and 15-year adjustable rate payment.

Rates, terms and conditions subject to change without notice. Offer excludes refinance of existing loans.


Use the equity in your home to apply for a home equity line of credit. Credit limits are available up to 95% of the appraised value of your home (less mortgage and liens). The property must be located in Michigan.

Obtain substantial amounts of cash for home improvements, college tuition, buying a second home, or for many other reasons.

EMUCU offers several easy ways to apply:

  • You can submit your application at any of our branch locations.
  • You can pick up an application packet from your local branch or download it here. You can email the finished application to homeequity@umcu.org or drop it off at any branch location.
  • You can apply via phone by calling 734-662-8200 or 800-968-8628.

Once your home equity loan is approved, you can also make transactions online through our free Online Banking service:

  • Home Equity Line of Credit - make advances and payment transfers.

* We suggest members consult their tax advisors for all tax advantages.
**All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Property insurance is required. Not valid with any other offer. APR=Annual Percentage Rate. Other restrictions and limitations may apply.
Mortgage services provided by MemberFirst Mortgage LLC (NMLS #149532) and UMCU (NMLS #712343).

TruStage Auto and Homeowners Program

You trust University of Michigan Credit Union to provide you and your family with quality products and services to meet your financial needs. We've joined with a dedicated team of insurance professionals to bring you the TruStage Auto and Homeowners Insurance Program.

For credit union members only. Safeguard what matters most. You could save an average of $427.96 on car auto insurance. Find out more.

  • TruStage Auto and Homeowners is the property and casualty coverage solution preferred by the most credit unions and their members.
  • Convenient e-service, pay your bill or make changes to your policy, even report a claim.
  • Receive fast, easy access to claims service 24-hours a day.
  • Obtain a free no obligation quote or locate an agent at the local Liberty Mutual sales office.

TruStage™ Auto Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.

Mortgage services provided by MemberFirst Mortgage LLC (NMLS #149532) and UMCU (NMLS #712343)

EMU Financial FRC Calculators
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A division of the University of Michigan Credit Union
Equal Housing Opportunity National Credit Union Administration
Federally Insured by NCUA.
734-487-1033